Signet Jewelers (NYSE:SIG) Downgraded to Hold Rating by Zacks Research

Signet Jewelers (NYSE:SIG) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on SIG. Telsey Advisory Group restated a “market perform” rating and issued a $96.00 price target (up previously from $92.00) on shares of Signet Jewelers in a report on Tuesday, December 2nd. The Goldman Sachs Group upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Signet Jewelers in a report on Wednesday, January 21st. Wells Fargo & Company dropped their target price on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Signet Jewelers in a research report on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.67.

Signet Jewelers Trading Down 0.3%

NYSE:SIG opened at $95.34 on Tuesday. Signet Jewelers has a 12-month low of $45.55 and a 12-month high of $110.20. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.05 and a beta of 1.28. The company’s 50-day moving average is $89.59 and its two-hundred day moving average is $92.06.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.47. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.36 billion. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. On average, equities research analysts forecast that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC bought a new position in shares of Signet Jewelers in the 3rd quarter worth about $31,000. Richardson Financial Services Inc. bought a new position in Signet Jewelers during the 4th quarter worth $31,000. Farther Finance Advisors LLC increased its position in Signet Jewelers by 48.6% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after buying an additional 124 shares during the period. Brown Brothers Harriman & Co. bought a new stake in Signet Jewelers in the fourth quarter valued at $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Signet Jewelers by 111.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after buying an additional 333 shares during the last quarter.

About Signet Jewelers

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.